How is the Thai monarch so rich?

How does the Thai King have so much money?

The King’s portfolio reportedly includes at least $30 billion of property holdings in the capital alone. The King also owns a 23% stake in one of Thailand’s leading lenders, Siam Commercial Bank, and a 33% stake in Thailand’s largest industrial conglomerate, Siam Cement Group.

How much is the Thai royal family worth?

Maha Vajiralongkorn, King of Thailand

King Vajiralongkorn, or Rama X, ascended to the throne shortly after the death of his father, King Bhumibol Adulyadej, in 2016, as the tenth monarch of the Chakri dynasty. His assets are currently valued at up to US$43 billion as of January 2021.

Does the Thai royal family have any power?

Under the constitution the king is given very little power, but remains a figurehead and symbol of the Thai nation. As the head of state, however, he is given some powers and has a role to play in the workings of government. According to the constitution, the king is head of the armed forces.

Who is the current king of Thailand?

Who is the richest king?

List of royalty by net worth

Rank Name Title
1 Vajiralongkorn King of Thailand
2 Hassanal Bolkiah Sultan of Brunei
3 Salman bin Abdulaziz Al Saud King of Saudi Arabia
4 Khalifa bin Zayed Al Nahyan President of the United Arab Emirates Emir of Abu Dhabi
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Is anyone a trillionaire?

Social Capital’s founder says the world’s first trillionaire will be either Musk or ‘someone like him. … Tesla’s share price rose to more than $880 in January, making Elon Musk the world’s richest person. With a net worth of $195 billion, he now beats out Jeff Bezos by about $10 billion.

Is Queen Elizabeth a billionaire?

Sandringham House and Balmoral Castle are privately owned by the Queen. Forbes magazine estimated the Queen’s net worth at around $500 million (about £325 million) in 2011, while an analysis by the Bloomberg Billionaires Index put it at $425 million (about £275 million) in 2015.

Is the Thai king above the law?

It is illegal to defame, insult, or threaten the king, queen, heir-apparent, heir-presumptive, or regent. Modern Thai lèse-majesté law has been on the statute books since 1908. … The law has criminalised acts of insult since 1957. There is substantial room for interpretation, which causes controversy.